Medical Billing Outsourcing Market, By Component (In-house and Outsourced), By Service (Front End, Middle End, and Back End), By End User (Hospitals and Physician Offices), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Medical billing outsourcing is a process of outsourcing billing by the company or any healthcare institution. It enhances the health of the patients by providing quality care and managing hospital staff and other operations effectively. Medical billing outsourcing improves the cash flow, lowers software and equipment expenses, and reduces employee costs and size.
Market Dynamics:
Increasing digitalization in healthcare, increasing need to make billing processes efficient, growing trend of outsourcing in healthcare, increasing emphasis on compliance and risk management, and rapidly changing healthcare regulations are major factors expected to propel growth of the global medical billing outsourcing market over the forecast period. For instance, in August 2022, Access Healthcare accelerated healthcare outsourcing with automation, AI, and Big Data.
Moreover, in October 2021, R1 RCM Inc. announced that American Physician Partners (APP) has extended its revenue cycle management partnership with R1 until 2031. R1 utilized its expertise to re-design APP’s patient financial experience, implementing mobile functionality, predictive outreach solutions, and a proprietary emergency medicine billing system.
Key features of the study:
This report provides in-depth analysis of the global medical billing outsourcing market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global medical billing outsourcing market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include GE Healthcare, R1 RCM, Inc. (Accretive Health), Quest Diagnostics, Allscripts Healthcare Solutions, Inc., Kareo, Inc., Cerner Corporation, and Experian Information Solutions, Inc., among others.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global medical billing outsourcing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical billing outsourcing market.
Detailed Segmentation:
Global Medical Billing Outsourcing Market, By Component:
In-house
Outsourced
Global Medical Billing Outsourcing Market, By Service:
Front End
Middle End
Back End
Global Medical Billing Outsourcing Market, By End User:
Hospitals
Physician Offices
Global Medical Billing Outsourcing Market, By Geography:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
GE Healthcare
R1 RCM, Inc. (Accretive Health)
Quest Diagnostics
Allscripts Healthcare Solutions, Inc.
Kareo, Inc.
Cerner Corporation
Experian Information Solutions, Inc.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Component
Market Snapshot, By Service
Market Snapshot, By End User
Market Snapshot, By Geography
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Growing trend of outsourcing in healthcare
Data breaching and high cost of outsourcing
Increasing need to make billing processes efficient
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Medical Billing Outsourcing Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Medical Billing Outsourcing Market, By Component, 2017-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 - 2030
Segment Trends
In-house
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Outsourced
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
6. Global Medical Billing Outsourcing Market, By Service, 2017-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 - 2030
Segment Trends
Front End
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Middle End
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Back End
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
7. Global Medical Billing Outsourcing Market, By End User, 2017-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 - 2030
Segment Trends
Hospitals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Physician Offices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
8. Global Medical Billing Outsourcing Market, By Geography, 2017-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 - 2030
Segment Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Component, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Service, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Component, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Service, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Component, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Service, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Component, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Service, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Component, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Service, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
9. Competitive Landscape
GE Healthcare
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
R1 RCM, Inc. (Accretive Health)
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Quest Diagnostics
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Allscripts Healthcare Solutions, Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Kareo, Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Cerner Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Experian Information Solutions, Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Analyst Views
10. Section
Research Methodology
About us
*Browse 24 market data tables and 28 figures on "Global Medical Billing Outsourcing Market” - forecast to 2030